Global wealth inequality: top 1% own 41%; top 10% own 86%; bottom half own just 1%

Michael Roberts Blog

Global wealth highest in history despite downturn

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Despite the financial crisis of 2008 and the difficulties in the Eurozone, global wealth has more than doubled since 2000, reaching over £150 trillion, according to the latest global wealth report from Credit Suisse.

Economic growth in developing countries and rising populations have played a significant part in the figures. Aggregate total wealth rocketed past the pre-crisis peak in 2010 and has been climbing higher ever since. Average wealth per adult has reached £32,167 after a rise of 4.9 per cent during the year to mid-2013.

Change in household wealth by region 2012-2013:

Region Total Wealth 2013 (USD billion) Percentage Change 2012-13
Africa 2,711 1.2
Asia-Pacific (including China and India) 73,879 -3.7
Europe 76,254 7.7
Latin America 9,139 3.6
North America 78,898 11.9
World 240,881 4.9

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